Bangkok Sheet Correlations

BM Stock  THB 3.12  0.02  0.65%   
The current 90-days correlation between Bangkok Sheet Metal and Chewathai Public is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bangkok Sheet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bangkok Sheet Metal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bangkok Sheet Correlation With Market

Good diversification

The correlation between Bangkok Sheet Metal and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bangkok Sheet Metal and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bangkok Sheet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bangkok Sheet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bangkok Sheet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bangkok Sheet Metal to buy it.

Moving together with Bangkok Stock

  0.85STPI STPI PublicPairCorr
  0.94SMPC Sahamitr PressurePairCorr
  0.93APCS Asia Precision PublicPairCorr
  0.68THE Steel PublicPairCorr
  0.8SCI SCI Electric PublicPairCorr
  0.72CSP CSP Steel CenterPairCorr
  0.66PTTEP-R PTT ExplorationPairCorr
  0.67SCB-R Siam CommercialPairCorr

Moving against Bangkok Stock

  0.36PTTEP PTT ExplorationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bangkok Stock performing well and Bangkok Sheet Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bangkok Sheet's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bangkok Sheet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Positions Ratings

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Bangkok Sheet Corporate Management

Elected by the shareholders, the Bangkok Sheet's board of directors comprises two types of representatives: Bangkok Sheet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bangkok. The board's role is to monitor Bangkok Sheet's management team and ensure that shareholders' interests are well served. Bangkok Sheet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bangkok Sheet's outside directors are responsible for providing unbiased perspectives on the board's policies.